Can conveyancing in Gloucestershire to be concluded in under 10 days?
First, If the seller is applying time constraints for your conveyancing we would recommend that your lawyer is familiar with the location as they will benefit local connections and insight. It is possible that they may have transacted otherproperties in the same road. You would be best advised to use a Gloucestershire conveyancing firm. Second, double check that the lawyer is on the on the approved list for your mortgage company. It is estimated that nearly one in five of Gloucestershire conveyancing transactions are held up or derailed after discovering a buyer’s conveyancer was not on their banks list of approved solicitors. In many cases this discovery resulted in the buying process being delayed by an average of three weeks. It is said that this issue impacts in the region of 100,000 home moves annually. Most Gloucestershire conveyancing firms can not act for certain mortgage companies so do check at the outset.
We're in Gloucestershire, First time buyers purchasing with a mortgage (lender is Nationwide , and our solicitor is on the Nationwide conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Nationwide conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no property lawyer should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
Is there a list of Virgin Money panel solicitors in Gloucestershire on the UK Finance Lenders’ Handbook Website?
No. There is no such directory service on the CML or Building Society Association websites. Very few lending institutions make their panel listings viewable online. If you are seeking to appoint a Gloucestershire lawyer on the Virgin Money please use our facility.
I am currently in the process of buying my council flat in Gloucestershire. I have a mortgage offer with Virgin Money. Conveyancing is new to me. Can I proceed without a solicitor easily? I think we can but we keep being told I should use one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Virgin Money, you will need to appoint a solicitor on the Virgin Money conveyancing panel.
I've digested plenty of mortgage guides, I note that they all recommend that you should get your house surveyed prior to buying it. When I asked my local Gloucestershire solicitor - who is on the UBS conveyancing panel - on this she said they don't do this and I need to contract an independent surveyor. Is that normal?
UBS will need an independent valuation of the property. Your lawyer will not arrange this. Usually UBS will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. Your conveyancing practitioner will not organise the survey but they may be able to put you in touch with a local one that they recommend. RICS offers a find a surveyor service (just google it) where you can search for a qualified surveyor by your Gloucestershire postcode. As you are getting a mortgage with UBS, you could contact them to see if they have a list of approved surveyors in Gloucestershire.
I'm buying a new build house in Gloucestershire with a loan from Barclays Direct. The developers would not budge the price so I negotiated 6k of extras instead. The house builders rep advised me not disclose to my lawyer about the extras as it will adversely affect my loan with the lender. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
As a tenant I am liable for a service charge for my flat in Gloucestershire. As a result of personal circumstances I slipped into arrears with remittance. The managing agents agreed a settlement plan but there is still three thousand pounds currently outstanding.
I want to sell and I am worried this may hold me back if I have to settle the amount due in advance. I'd like to sell up and then pay them back with the completion monies - is this practicable?
The lawyer conducting your Gloucestershire sale should be in a position to negotiate with the appropriate parties, with a new to seeing if they would accept payment out of the sale proceeds. Here is an example of why it might be good to appoint a conveyancer in Gloucestershire as they are likely to have an established relationship with the parties.